Silver Book Fact

In 2004, around 8% of older Americans incurred $2,500 or more in prescription drug costs.

Federal Interagency Forum on Aging-Related Statistics. Older Americans 2008: Key Indicators of Well-Being. Washington, D.C.: U.S. Government Printing Office; 2008. https://agingstats.gov/docs/PastReports/2008/OA2008.pdf

Reference

Title
Older Americans 2008: Key Indicators of Well-Being
Publisher
U.S. Government Printing Office
Publication Date
2008
Authors
Federal Interagency Forum on Aging-Related Statistics
URL
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Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • People with 5 or more chronic conditions see an average of close to 14 different physicians and fill 50 prescriptions per year.  
  • In 2030 there will be a 42% increase in cases of chronic diseases– 230.7 million people.  
  • Quality-of-care scores were found to decline with age. The percentage of recommended care received by individuals age 18-30 was 57.5%, compared to 52.1% for those 65 and older.  
  • Chronic disease cost $42 trillion in treatment costs and economic output.  
  • In 2003, 26.3% of noninstitutionalized Americans between the ages of 65 and 74, and 44% of Americans age 75 and over, had activity limitations caused by chronic conditions.